Cohen & Steers Tax-Adv Pref Secs and Inc Fund V.PTA

Primary Symbol: PTA

The Funds primary investment objective is high current income. The Funds secondary investment objective is capital appreciation The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets (i.e., net assets plus assets obtained through leverage) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter. In pursuing its investment objectives, the Fund seeks to achieve favorable after-tax returns for its shareholders by seeking to minimize the U.S. federal income tax consequences on income generated by the Fund. There can be no assurance that the Fund will achieve its investment objectives.

NYSE:PTA - Post by User

Cohen & Steers Tax-Adv Pref Secs and Inc Fund > New Bid by PTA

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Post by hockeylad33on Jun 20, 2014 11:21am

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Post# 22679665

New Bid by PTA

PTA is overpaying based on available information. However, I am quite sure there is plenty of info behind the scenes which validates the accretiveness of this deal.

That said, I am dissapointed PTA has bid such a significant premium to the SRN SP. I think there are plenty of opportunities out there for cheaper. Granted, IF Quinde East does extend into PUT-7, it could be quite huge. Alos, PUT-7 itself has some big targets on it. But it is probably 2 years away from drilling.

Not really liking this deal, while at the same time hoping (and expecting, based on Vetra's keen interest) that there is more behing the scenes

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